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Search Results 0 to 49 of about 170 (some duplicates have been removed)
the sequester deadline down the road. to win them over he offered a package of spending cuts and more tax increases. how was that playing on capitol hill? here's ed henry. >> warning the nation's economic recovery hangs in the balance, president obama prodded congress to stop a series of massive spending cuts that could threaten national security urging them to come up with a short term combo of lesser spending cuts and tax increases beyond what he signed at the end of december. >> if they can't get a bigger package done by the time the sequester is scheduled to go into effect, then i believe that they should at least pass a smaller package. >> president says the sequester puts hundreds of thousands of jobs in jeopardy from classrooms to the pentagon and defense lie lockheed martin which announced hundreds of layoffs. mr. obama said damage can be stopped if john boehner accepts the white house's final offer from december, meaning up to $600 billion in more tax hikes through cutting deductions, and cuts to medicare and other programs. >> my healthcare proposals achieve the same savings by
-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika mille "n.b.r.," new york. >> tom: still aad, the federal resee theatest target a cyber attack, areompanies taking cyber risks seriously? >> susie: on wall street today, a choppy day of trading with investors focused on new concerns about the outlook for europe's economy, and a new batch of corporate earnings. with more than half of the companies in the s&p reporting, quarterly results have been better than expected. still, by the closing bell, stocks were virtually unchanged. the dow rose seven points, the nasdaq fell three, and the s&p added nearly a point. >> susie: while the stock market is flirting wit
." -- please tax me more." we have gotten so desperate in this area that we are talking about, perhaps because we cannot make a policy decision on this and have not since the early 1990's on the federal level, maybe we need to go to indexing of the fuel tax. >> you are talking like infrastructure, not to pay for subsidies, right? >> what we need is more infrastructure, and that is a public good, and it needs to be paid for, and generally with tax revenues. i do not think anybody is faulting that. i think it is sold that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that -- he was for an " all of the above" energy policy. let's move forward with the thin
to be exact, rejecting or ignoring many proposals, including a plan to lower tax rates in order to broaden the overall tax base. the council's last official meeting one and one year ago. unemployment has dropped from more than 9 percent of the council's inception to the current rate of 78%, but more than 23 million americans remain of work or are stuck in part-time jobs , wanted full-time work for. meantime, we learned initial jobless claims rose to 360,000 last week, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now eviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the
't be the worst thing in the world because it may be the best we can get without tax increases. they're done talking about taxes. >> they say they're done. the president will say again he wants a package of spending cuts now and a bigger negotiation he wants more revenue or tax increases. this is the president's way. he's beginning his second term. last thing he wants is disruption in the economy in the psychology, financial markets to set his second term off when he thinks things are growing. how much is baked into the marks, if you will? do they expect the sequester, as more people in washington say it's -- let's listen to the president. >> good afternoon, everybody. i want to say a few words about the looming debt lines and decisions that we face on our budget and on our deficit. these are decisions that will have real and lasting impacts on the strength and pace of our recovery. economists and business leaders from across the spectrum have said that our economy is poised for progress in 2013. and we have seen signs of this progress over the last several weeks. home prices continue to cli
linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments,
taxes about 4% of a household's income. in san jose, kris sanchez, nbc bay area news. >>> comments about traffic in los angeles, turns out traffic here in the bay area is just as bad. tonight a new study reveals our dubious link with southern california. res researchers say we have the second worst traffic congestion in the nation. experts say there's no fix. a live look at our evening commute. it doesn't look so bad. let's bring in bay area's marianne favro with the details. >> reporter: whether you watch here in oakland or here in fremont, you are part of the second worst commute in the nation when it comes to hours spent waiting in traffic. a new report from the texas a&m transportation institute says only washington, d.c., drivers spend more time waiting in traffic. the study found in 2011 you spent on average 61 hours sitting in your traffic. want to put a price tag on that wasted gas and time? the institute says on average we lost $818 in a year because of those delays. then there are the health costs. the study also found the average bay area commuter put carbon dioxide into the a
for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. >> order. questions to the prime minister. alison seabeck. >> thank you, mr. speaker. this morning i had meetings with mine tieral colleagues and others and in addition to my duties in the house i will have other meetings today. >> alison sea beck. >> i'm hear to speak, it right a mother in his constituency should not speak of the bedroom tax and confirm why her minister be able to offer her son, serving in the magesty's armed forces either a home or a bedroom on his return from duty? >> the reforms to housing benefit that we're putting in place, i'll very happily look at the case, as the honorable lady says. but the reforms that are put in place have a very clear principle of the heart. there are many people in private rented accommodation who do not have housing benefits and can't afford extra bedrooms and we have to get control of housing benefits. we're now spending as a country $23 billion pounds on housing benefits and we have to get that budget under control. >> rebecca harris. >> do my honorable
's paycheck went down as taxes went up. that will take $200 billion out of the economy. now you have got gas prices spiking. that's going to take even more money out of the economy just as the economy starts to slow down and contract. the timing as you said could not be worse. gregg: you are such a kill joy on a monday morning. stu varney. martha: so this spike at the pump appears to be no fluke but a part of an ongoing trend. gas prices have gone up for 18 consecutive days. 18 states have gas prices higher than the national average. they are feeling the pain of that more than the rest of the states. we are just getting started on this monday morning. gregg: ahead. a deadly chain reaction crash involving a tour bus. details on what investigators think went wrong in a live report. martha: president obama in his super bowl interview. he dropped a bit of news. he is pushing once again for increased revenues. there is only one way to get those these days when you have got an economy that's not growing. former president wash adviser karl rove is here with us next. gregg: a little boy in alabama s
real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. the unemployment rate is still nearly 8% and rising. small businesses like the one i ran are struggling. middle class families, those lucky enough to have a job, are living paycheck to paycheck. and president obama just insisted on rais
and senate democrats will talk about additional tax revenue which they thought was settled as a way to put this forward. what is happening where senate democrats are having a retreat, meeting behind closed doors, looking at how long could they delay the sequester, how much time could they buy themselves, and how would they pay pour it? would there be cuts elsewhere or new revenue, some kinds of new tacks? they're trying to resolve that. the president has been criticized for not taking more of a forward step on sec west rags. today is a critical move for him to put his own marker down. andrea. >> when the president sees those senate democrats, kelly and chris, are any of them going to speak up, raise their hand and say, hey, you need to be more engaged with us, and we're not so happy about the people taking over your congressional relations office? >> that's interesting. that is a critical link, and we do see a change happening there where rob neighbors, who had been working is moving into a promotion within the white house. committee chairs and so forth want more connection directly with t
. we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our costs and why we have been so vocal about seeking postal reform legislation. we faced a major hurdle to return to profitability and long-term stability. we need to generate $20 billion in cost reductions and revenue increases to close the budget gap and be able to repay our debt, both close the gap and repay the debt. and this is why the board of governors has directed us to take every necessary step to reduce costs and conserve cash necessary to continue our operations. it's what we have been doing consistently over the last couple of years. and we will be accelerating those efforts moving fo
in terms of the kind of things you want to see, cap and trade or perhaps a carbon tax or things like that. china and india continue to add a coal-fired power plant essentially every week. so, do you look at that and say this is -- climate change is going to happen, no matter what at this point? >> well, some climate change is already happening and will continue to happen. the physics of the problem are quite challenging. we put, well, 85% of the energy used by earth inc, it comes from fossil fuels. and the combustion of those fuels results in us putting 90 million tons of heat-trapping pollution into the atmosphere every day, as if it's an open sewer. it does obey the laws of physics. it traps enough extra energy every day to equal the amount in 400,000 hiroshima atomic bombs. and that's what's evaporating much more water off the oceans and filling the sky with a lot more water vapor and these great basins of water vapor in the sky are now filled or overflowing. you get the kind of downpours in my home city in nashville where thousands of my neighbors lost their homes and businesses, had
person 24/7, you need an ally. hello? ally bank. your money needs an ally. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. ♪ melissa: at least two dead in an attack outside the u.s. embassy in turkey today, a suicide bomber blew himself up in front of the embassy killing a turkish security guard. it's described as a terrorist attack. turkey's prime minister describing the member of a far left militant group. is the u.s. becoming more of a target in the region? i'm joined by peter brooks, heritage foundation, senior fellow for international security affairs. welcome to the show. what do you think of this? >> good to be with you. a tragic event, obviously, reminding us of the troubles going on in that part of the world, whether you talk about syria, turkey, iran, i mean, the middle east is an important place, volatile, and we have to pay attention to it. melissa: it is, but, you know, turkey is a popular tourist destination. it's not one of the places we think of as
session which topics included state of the economy, housing benefits for veterans and a proposed tax increase on beer and alcohol. this is 35 minutes. dispersed so they can go to the projects so desperately needed. >> order. questions to the prime minister. >> number one, mr. speaker. >> thank you, mr. speaker. mr. speaker, this morning i had meetings with ministerial colleagues and others, and in addition to my duties in the cells i shall have further such meetings later today. >> thank you, mr. speaker. is it right that a mother and my contingency may not -- confirmed by his minister, her son serving in her majesty's armed forces -- [inaudible] >> the reforms to housing benefit that we're putting in place, and i'm happy to look at the case of the honorable lady says -- [shouting] >> but they have a very clear principle out of their hard. there are many people who don't have housing benefit, who cannot afford extra bedrooms, and we have to get control of housing benefits. we are now spending as the country 23 billion pounds on housing benefits and we have to get that budget under co
remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be and then on one service capable of arriving on the scene within minutes to every possible contingency around the world >> republican senators were not satisfied. >> did you know, how long the attack would last? >> no idea is to make it last two days and never airplanes in the world before it was concluded? >> no senator. >> your responses are very inadequate and the same inadequacy for the security that you provided at the consulate. >> what did the president know and what he knew it. >> he did not asking about visibility what we could do? did you have further communications that night? >> no. >> did he call you that night to ask our th
family budgets manage before you even take out taxes you have 4% for severally getting around? >> the average median income for families in america is about $50 $51,000. there's not a lot of extra room, especially given the fact that the economy is not growing, people aren't anticipating wage increases. it's really tough out there if you're a family of four and you're trying to make do. >> shannon: how does this have a ripple effect because it's not just, you know, us going out to fill up the gas. i mean, it's the truckers who have to deliver products and food and that kind of thing. where does it show up e elsewhe? >> it shows up in food we purchased, manufactured goods. when we go to shopping i sisters to buy children's apparel, everything gets to us through vehicles with gasoline. >> shannon: there's plenty of criticism for this particular administration that it could have done more to work on domestic energy production. when you have somebody who sits as a cabinet member who said before being nominated that somehow you have to boost the price of gasoline to the levels in e
for their financial well-being. current discussions about tax reform would lead us to expect the policy makers would use the process for the opportunity to strengthen their retirement system and improve its effectiveness. we believe that much can be accomplished by strengthening and building on our existing retirement programs such as social security, employer sponsored plans, financially innovative products incentives for longer work and increased financial education and planning there is new research showing american workers are not saving enough. even at research institutes retirement security projection model for 2012 shows 44% of baby boomers and generation x won't have enough retirement income to cover basic retirement expenses and uninsured health costs. the shortfall the average savings deficit for a single female is little over $133,000. that's the additional amount a single female would on average need to save by age 65 to eliminate the shortfall. the recent economic crisis has made it even more difficult. the low contribution rates and the lack of understanding of the need for the compreh
. this is what has enabled us to cross borders to have a single currency and the euro to set up a tax on financial transactions. this is enhanced cooperation. it's open to everyone. everyone who wants to come on board. and one day perhaps we can all gather around this principle, and this year, the european parliament will have a big part to play because by means of its scrutiny it will ensure that the whole thing hangs together. i, too, want to make europe more comprehensible. i call for budget integration, tax integration, social integration. it's of there. it calls for stronger political union. because otherwise it will be too weak. in other words, we need a eurozone government. we need new financial instruments to enable us to take action on a budget for the eurozone, which links up to the budget of the european union, and all of that must be subject to the scrutiny of the european parliament, and national parliament, too. i hope that next year's european elections will be a time for a great debate on the future of europe, which will enable us to decide what policies we want to con
immediately on a bigger package, they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months. >> secondly, the white house wanted to signal how they would like to see the rest of these budget negotiations go in 2013, not with one-on-one deal-making but passed through the regular order in congress. the president said he expects that it's going to take time, and while white house wants immigration and gun violence proposals passed by say the fourth of july, they recognize that a budget deal probably won't happen until october. now, as for sequester, cue the blame game. sequester is the most unpopular thing in washington that everybody once supported and now nobody claims to own. while the president tried to blame congress republican leaders pointed their fingers right back at the president. >> the house on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do their work. it's time for the president to offer his ideas about how to replace the seq
there openly for seven years and pay all the taxes. but today officials determined it was actually trespassing. boo. so the bank repossessed the home. boo. and changed the locks. kill joy. bank of america. don't they have enough money? steve harrigan is in the south florida newsroom. still no word from loci boy though, i'm bummed. >> no, shepard. no appearance of loci boy yet. it was 1:00 p.m. when police moved in on that 2.5, a bedroom mansion. brought locksmiths with them as well. broke open that iron gate. went inside. no sign of loci boy or seven or eight people also occupying that house. they found a lot of toiletries and a real mess. they pulled that outside and bank of america now has taken possession of that house. they issued a statement which said we appreciate the assistance of local authorities and the patience of neighbors as we work to have the trespassers removed. no word on where loci boy might be. police told us this afternoon they are not looking for him and there is no warrant for his arrest. shepard? >> shepard: loci boy unwittingly a leader of others as there are copy cats
nervously. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force than down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fir number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delaying retirement, which could make it more difficult for youn
dollars. >> people say it's free money. that is yours and mine tax dollars. >> there is one pot of money and he spends 12 million more on medicaid. >> chris: thanks for that. the head of the postal service says saturday mail delivery will end in august. postmaster predicts the move will save the agency about $2 billion a year. he says saturday packaged delivery will continue. postal service reported a record loss of almost $16 billion last year. some in congress are asking how the agency can decide to suspend saturday delivery without their approval. >> should your tax dollars go to give smart phones to job seekers? that is later. up next, a new government regulation that could force your local grocery store to shut down it's salad bar and bakery. hitting the streets to tell real people about our new 15 under $15 menu! oh my goodness... oh my gosh, this looks amazing... [ male announcer ] 15 entrees under $15! it's o new maine stays! seafood, chicken, and more! h! the tilapia with roast vegables. i'actually looking at the od grilled chicken with portobello wine sauce. that pork chop was
and taxes. here is chief white house core responsibility ed henry. >> a feisty president obama was back in campaign mode. >> it will meaner people who have disabled kids suddenly having less help. >> slamming republicans and declaring he is ready to hit the road to sell the public on spending cuts and more tax hikes. >> is that an argument they want to have. that is an argument i'm more than willing to engage in. >> reporter: a new poll shows the public sharply disagrees with his claim that the federal government does not have a spending problem. 83% says it does have a problem and 14% say no. >> the american people will not accept another tax increase to put up a spending cut that the two parties have agreed to. >> reporter: nation security may be hanging in the balance. with the defense secretary leon panetta warring about the deep cuts coming on march 1st. >> this is will bad but damage national defense and compromise our ability to respond to crisis in a dangerous world. >> those cuts could mean a one month furlough for up to 800,000 civilian defense employees and he mocked leaders
. twitter is not alone. other major u.s. companies are reporting cyber at tax. what's behind all of this? an expert coming up. >>> a man tasered right in front of buckingham palace. why police say they needed to stop him from reaching the gates. jenna: quick look for you now at some of the stories coming up new next hour including this one. the week really getting off to a snowy start for people across the midwest. we'll take a look where the latest blast is heading next. >>> also a big show of force as the united states and south korea kick off a new round of war games but there are rising concerns that north korea is preparing for a new nuclear test that has a lot of folks worried. >>> scientists say a skelton found under an english parking lot is indeed that of the king richard the iii. jon: what? jenna: come on. how they solved a 500-year-old mystery they say and what the remains may tell us how the ruler died. a parking lot. jon: what is he doing under there? huh. a frightening scene right right now side buckingham palace in london. guards were forced to use a taser to stop a guy ar
. taxes are going up which some people rightly see as an infringement upon their freedom to spend their money as they see fit. >> greta: what do you see as something that's american people or the american government should or should not do on gun control? >> there ought to be reasonable restrictions on felons, people who are mentally disturbed. one of the things that worries me about this is that we seem to pay attention to the people who are not the source of the problem and ignore dealing with the problem. we know this -- cities like chicago with very strict gun control laws don't have less crime than the communities surrounding them and we also know that as ownership of firearms has expanded in our country the country has -- the crime has declined. the famous socioologyist, he had written an article pointing out in our rush to worry about firearms getting in the hands of people who shouldn't have them, we also were likely to step on the rights of people who had every right in the world to get them and his point was between half a million and two million instances a year a firea
is the biggest obstac toll private-sector job growth in america right now. he seem, to we can tax, spend and regulate ourselves to prosperity. the private sector is asking for certainty. because the president doesn't want to pass a budget or modernize spending for bietlements. he is the big issue. it is up to him to take a long look in the mirror. i agree that congress has played a role. he needs to stop worrying about destroying republicans and start worrying about growing the economy. >> eric: joe, is that true? is he the biggest obstacle? >> the president is the steward of the overall economy. but both leaders of both parties have to look themselves in the mirror and they do -- look. there are two issues to focus upon, very pragmatic. the first is the star runningback. small businesses. a few years ago, we us to have 36 new small businesses that create 60% of all new jobs for every 10,000 citizens. today, we have 18, exactly half new businesses starting up each year. we should relieve small businesses of tax costs, they create the jobs for the spectators in the stadium. number 2, the
of john kerry running for president putting on the camouflaged coat with a sales tax on the back. >> just days before the election, john kerry to ridicule -- regional for appearing in a hunting outfit. there is no way to tell yet how well the president's speech noting -- ski shooting code does to persuade gun owners that he is not out to take their firearms. the white house is not be killed when or if he is going to go shooting again -- has not detailed when or if he is going to go shooting again. >> anti-government protesters of being blamed for the attack. >> in the aftermath of friday's angry demonstration here, and outside the presidential palace. it was the action of the security forces that stopped the protests that shocked egyptians. a 23-year-old was killed, and then there was this, a man stripped naked and beaten by security forces before being bundled into a van. >> i cannot bear seeing someone like that. how can someone drag someone else on the ground like that. we are in egypt, the should not be happening. >> this scene was shameful and degrading. not only was this man's of na
tax. part of austerity measures put in place by the government to reduce the massive debt. he promised sweeping tax cuts if he wins next month's election. >> i will be fighting a next great battle to extend freedom and held it in a state of the gloomy prospect for upon it. >> in terms of economic crisis, people often turn to sports for well-being. think both sea biscuit. even when -- increase even the oldest football club is falling victim to recession. die-hard fans may not be enough to save the team from financial failure. >> the team is everything to these fans. they call it an addiction, a sickness, but lately it is the team itself that is sick. some of the best players have signed up with rival teams. the rest are unhappy, and they are losing matches in the closing minutes through what seems like carelessness. >> they continue to have strong players with expensive contracts. we are going to try to reduce their contract to make the team viable. we are talking about 50%. otherwise they will go bankrupt. >> like the rest of greece, they are cutting down on expenses whenever they kare
Search Results 0 to 49 of about 170 (some duplicates have been removed)